Word: acsr
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Dates: during 1980-1989
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...alumni of the torchlit march, little has changed. But for other undergraduates--those who no longer protest--enough has. Divestiture is still a dream--President Bok frequently says that the University can help South Africa more by remaining a shareholder and voicing its concern through resolutions. But the ACSR now acts as a moderate influence--and it may eventually temper the Corporation...
...debate goes on. More quietly, but it does remain, surrounding even the most basic issues. Kaufman admits the impact of a Corporation vote is extremely small. No matter how much work the ACSR does, only 1 per cent of any stock can be shifted by Harvard's vote. "I'm not sure this accomplishes anything and that's bad," he says, adding, "But for Harvard not to vote or abstain on any of these issues would be bad, too." Fall 1980. There are shades of gray between the black and white of spring...
...student members of the Advisory Committee on Shareholder Responsibility (ACSR) said recently they will vote against a proposal by the Corporation to change the committee's method of reviewing investments because the plan would force the issue of divestiture off the ACSR's agenda...
...addition to its obligation to investigate any of the 50 companies in which Harvard invests at the request of an outside shareholder, the proposal would place an eight-company-per-year review on the ACSR's agenda...
Richard Vallely, the ACSR's representative from the Graduate School of Arts and Sciences, said Wednesday he will oppose the measure because it will "push divestiture off the agenda" and allow the ACSR to avoid fundamental issues of shareholder responsibility...